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Pakistan invites global crypto firms to apply for licenses under strict regulations, aiming to build a safe, inclusive, and modern digital finance system. Pakistan is moving forward in the world of digital finance. The country has invited global crypto companies to apply for licenses. These companies are large exchanges, Virtual Asset Service Providers (VASPs). The invitation was made by the Pakistan Virtual Asset Regulatory Authority (PVARA). This is a major step to bring international crypto firms to the Pakistani market. Pakistan Introduces Strict Crypto Licensing Rules for Global Firms PVARA was established under the Virtual Assets Ordinance 2025. The law was passed on July 8 and printed in the official Gazette on July 9. This law empowers PVARA to regulate and supervise the virtual asset industry. It also ensures that crypto businesses abide by global rules. These include rules from the Financial Action Task Force (FATF), the International Monetary Fund (IMF) and the World Bank. The key objective of PVARA is to ensure that digital finance is safe and legal in Pakistan. The authority wants to protect the users against fraud and illegal activities. For this reason, all crypto firms have to abide by strict rules. They have to comply with standards for anti-money laundering (AML), counter-terrorism financing (CFT) and cyber security. Related Reading: Pakistan and El Salvador Sign MoU to Cooperate on Bitcoin Strategy | Live Bitcoin News Only companies that are already licensed by top international regulators can apply. Such regulators include the U.S. Securities and Exchange Commission (SEC), the UK’s Financial Conduct Authority (FCA), and the European Union’s VASP framework. Others are the Monetary Authority of Singapore (MAS) and the UAE’s Virtual Assets Regulatory Authority (VARA). Applicants are also required to adhere to know-your-customer (KYC) rules. The finance ministry revealed that there are more than 40 million…

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Filed under: News - @ September 14, 2025 9:16 pm